AntonioBenham916
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Revision as of 18:18, 13 March 2012 by 86.153.163.136 (Talk) (Created page with "Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures. Italy and the Netherlands both saw their economies shrink by 0.7% i...")
Two of the eurozone's biggest economies have fallen into recession, according to the latest economic figures.
Italy and the Netherlands both saw their economies shrink by 0.7% in the fourth quarter, the second consecutive quarter of economic contraction.
Germany had its first negative quarter since 2009 with a decline of 0.2%, compared with the previous quarter.
But in France there was surprise growth of 0.2% at the end of last year, attributed to healthy export growth.
Overall the 17 nations that make up the eurozone saw economic activity shrink 0.3% in the fourth quarter. By comparison the United States reported growth of 0.7%.
